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Reliance Capital inches up as its arm plan to enter into used-car finance market

09 Jun 2017 Evaluate

Reliance Capital is currently trading at Rs. 579.75, up by 0.35 points or 0.06 % from its previous closing of Rs. 579.40 on the BSE.

The scrip opened at Rs. 576.80 and has touched a high and low of Rs. 584.45 and Rs. 570.90 respectively. So far 266765 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 693.10 on 10-May-2017 and a 52 week low of Rs. 365.40 on 24-Jun-2016.

Last one week high and low of the scrip stood at Rs. 596.00 and Rs. 551.50 respectively. The current market cap of the company is Rs. 14660.28 crore.

The promoters holding in the company stood at 52.31 %, while Institutions and Non-Institutions held 29.83 % and 17.86 % respectively.

Reliance Capital’s subsidiary -- Reliance Commercial Finance is entering into the Rs 20,000-crore used-car finance market. With this, the company, which has been largely focussing on SME lending across sectors, would be shifting its focus to the consumer finance sector.

With focus on the motor finance sector, the company is planning to be amongst the top three players in this space and is aiming Rs 7,500 crore in the next three years, as the segment is growing at 20 per cent year-on-year on the back of more consumers looking to buy used-cars.

Reliance Capital, a part of the Reliance Group, is one of India’s leading private sector financial services companies. It ranks amongst the top private sector financial services and banking groups, in terms of net worth.

Reliance Capital Share Price

11.79 0.00 (0.00%)
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